The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-02

This Is q heavy loss indeed 10 the ssri.
cultural interests Of the country, and yet
10 not materially greater than the average
loss OF several years past.
.fF' -
MIR. GEITINGER's RESOLUTION
In Regard to the Payment of tho Old state
Debt.
Special Correspondence u TIC Audiiganer.
CuAnLESros, W. Va, April SO.-sena.
tor Gettinger calls my attention to tho fact
that es published the references to his
rssolution concerning the West Virginia
Deferred Certificates were misleading. AS
the matter referred to Is an important ono,
the resolution 10 given in full below:
Senate Joint Resolution No. :, "Proyid.
Ing for q Joint committee to consider a
proposition from holders Of Virginia do.
isrred certificates" Na5s
WHEREAS, The holders Of Virginia de-
ferred certifcateu, issued under the Act OF
Virginia Of 1871 to the amount OF s., COO.
600, exclusive OF interest, on the 18th day
February, 1887, offered to sell tho same to
this State Tor O sum 10 BIZ ascertained BY
adding Ito the amount reported by the
commissioners OF West Virginia, appointed
under the resolution OF 1871, to b. due by
this State to Virginia), the interest that
has accrued since tho old State was d.
vided.
WHEREAS, 1t 10 represented to the Ley
iaIature that said 5000, 600 of certificates
are depoaited with the Farmers' Loan
and Trust Company Of New York, and
that the agenta thereof have authority to
sell them to this State on such terms as
may be agreed upon, and -,a e5T
WHEREAS, 1t will greatly benefit this
State and promote her prosperity to make
a settlement and final determination OF
said alleged debt by ascertaining in an
authoritive manner, that nothing Is duo
to Virginia, or II anything be due, then to
provide the Of paying it, there.
fore, /
Kesolted, First-That o committee be
appointed, consisting Of two members OF
the Senate mot both OF the same political
partly, to be appointed by the President
Of the Senate, and three members OF the
House mot more than two of the same
political partly, to be appointed by tn Q
Speaker Of tho House; Provided, No per-
son shall be eligible to said committee
who'oTno or is in Rnywise %pecunia,ily in
terested in any bonds or other securities
Issued by the State Of Virginia, or who
has any pecuniary interest in a settlement
between the States. s III
second-Ths committee shall ASCERTAIN
whether the State is In anywise indebted
to Virginia, and whether there is any liza
biifty nov existing on account Of the debt
incurred by Virginia before the formation
OF this State. II, after investigation, it ap-
pears that no liability exista, the commit
tee shall SO report and ita powers shall
thoreupon cease. -a5 5a.
But If it appears hat there is some liza
bility on this State, then the COMMITTEES
shall ascertain, whether said certificates.
it owned by this State wiltconstitute a
legal and valid offset to any demand that
may be set up by Virginia on account OF
the debt incurred prior to the formation
Of West Virginia.
Thlrd-u the committee find that the
certiticatea constitute q legal and valid
Offset to any demand that may be made
by Virginia then they are authorized to
make such q contract with the owners of
said certificates or their agents, as will
enable this State at an. time before April
18th, 1889, iii she should so desire to pur-
chase all or any part Of said IS, 600, 900 OF
certificates Oh the basis before named,
In other words, II it can be dons without
cost to the State, the Committee NAV OBJ.
tain an option to purchase any portion OF
the certificates on the basis named for
SS,OOO,Ooo (facs value) Of certificates, the
to be paid in the bonds Of this State
payable at tho pleasure Of the State, after
ten years and due in t~hirty-fve years
said bonds to bear = per cent interest for
the trst live years, per cent interest for
the next i've years and thereafter five per
cent. But in taking such option the State
will not be under any obligation to pur-
chase the certificates II it should conclude
not to do 30. N ~
Fourth-That after the committee has
secured the option as Aforesaid then they|
shall ascertain accurately how much this
state ls indebted to Virginia, by reason OF
account to be stated according to the |
terms OF the ordinance Of the convention
Of 1861 under which this State was formed.
SouAluAetoo bihll luAk6 tlSlr |
report to the Governor, and it shall be
printed, published and distributed as ia
provided by law for the reports OF the au.
dltor rs soon as practicable after it has
been made. Said report shall present, in
detail, al the information that in the
opinion OF either OF the committee will &C.
quaint the Legislature with all the iacts
necessary for wise action.
Sixth-The members OF tho committee
shall receive tho same pay as membera OF
Legislature for each day exclusively
employed in this matter, and their actual
travelling and hotel expenses, the total
sum not exceeding s. the esme 10
be paid by the Treasurer on the presents.
ton Of itemized vouchers therefor, signed
by the chairman Of the committee and ap.
proved by the Governor. Any vacancy
which may accur shall be filled BY the
The committee ii they find
1T necessary may employ clerical agsist.
ance III a%acertaining the amount, il any,
due by tho State under the ordinance OF
the convention Of 1861. The cost Of the
said clerical assistance shall not exceed
ahsll be paid by the Treasurer
the State upon the item:zsd vouchers
the chairman Of the committee ap-
proved by the Governor.
catarrh, Hny or Rose Fever.
The clesnsing, soothing and healing